Forex Market Update : Epic Research Singapore

The dollar rose against the euro Monday as disappointing German inflation data were the latest to signal the European Central Bank could be forced to ease monetary policy this week to fight low inflation. 

The euro EURUSD +0.05%  fell to $1.3598 from $1.3635 late Friday.German inflation for May missed expectations, with the EU-harmonized annual reading falling to 0.6% from 1.1% in April.

The ICE dollar index DXY -0.04% , which pits the greenback against six other currencies, rose to 80.634 from 80.379 late Friday. The index is heavily weighted toward the euro. The WSJ Dollar Index XX:BUXX -0.07% , which measures the dollar against a wider basket of rivals, rose to 73.45 from 73.17. 

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg